On Wednesday's Backchat, CY Leung and the UGL inquiry. Pan Dem Legislators have condemned the CE for interfering with the work of Legco's select committee on the UGL probe while two other lawmakers joined their plan to table an impeachment motion. DAB chairman Starry Lee said her party would not support the impeachment motion which was only a political attack against the CE. Should Kenneth Leung stand down from the inquiry? Will it really be a fair investigation? Is there any point in impeaching an outgoing leader? After 9.20, thoughts on the bomb attack in Manchester in the UK. (8:30-9:30am, call in on 233 88 266, email email@example.com or text 6393 5925)
Shares in Hong Kong commodity trader Noble Group, which is listed in Singapore, have crashed 30% before being halted. Credit rating agency S&P has lowered its rating on the company and said “…we believe the company’s capital structure is not sustainable…and the company will face distress and non-payment of its debt obligations over the next 12 months.” In other corporate news, the crackdown on Uber continues with another 21 drivers being arrested.
In the markets, Mainland government bonds are under pressure after further regulatory crackdowns, this time preventing brokers taking loans off banks’ balance sheets. The yield on the Chinese 7-year bond has now risen above its 10-year counterpart. Elsewhere in the markets the Japanese yen and gold have risen following the Manchester terror attacks.
The U.S. is also in focus where Donald Trump has called for $3.6 trillion of spending cuts over the next ten years in his first full budget since becoming President.
Joining this morning's Money Talk to discuss the latest business and finance headlines are Stewart Aldcroft of CitiTrust and Ian Hui of JP Morgan Asset Management. On the phone from Washington D.C. is RTHK’s international economics correspondent Barry Wood. (8am-8.30am, email to firstname.lastname@example.org, text to 63 93 59 25 )
On Money Talk Xtra this week Peter Lewis discusses how to protect your income and your livelihood from unforeseen medical emergencies which could affect your ability to work and cost you a large amount in fees. We’ll look at factors you should consider when it comes to choosing health insurance with an industry expert. Jimmy Lam talks to a Money Talk Xtra listener with health problems. And in our investment segment this morning we’re going to look at the risks and rewards of investing in overseas property.
If you have any questions or suggestions for topics you would like discussed in the programme or if you’d like to be our featured listener one week and have an expert provide you with advice on your personal financial situation then please email email@example.com.
We’re also on Facebook, where you can listen to this programme again and find information and links to useful resources. You’ll find us on Facebook at Money Talk Xtra on RTHK Radio 3. (Saturdays, 8.30am-9.00am)
This Sunday morning at 8.30 Jarrod Watt returns to go bush once again and share with you more great music from his home land. Downunder Uncovered is a journey into Australian music as well as the musicians around the world who love it so much... they’ve done their own versions. Each week the veteran music journalist and broadcaster will take you on a journey into Aussie genres of music you might not know existed, and on alternate weeks you’ll hear from the likes of Bowie, Springsteen, Cash and other renowned names, with their take on classic Aussie songs. (Sundays, 8.30am -9.00am) Produced by Phil Whelan.
On Monday May 1st, a Backchat Special - "For Better or Worse? 20 Years of the SAR". How has Hong Kong fared since 1997? Is there a new identity for our city? Do young and old see things differently? Is the colonial mentality still real?
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